Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
April 28 2023 - 4:52PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2023
Commission File Number 001-41095
IMPERIAL PETROLEUM INC.
(Translation of registrants name into English)
331 Kifissias
Avenue Erithrea 14561 Athens, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
This report on Form 6-K is hereby incorporated by reference into
the Companys Registration Statement on Form F-3 (Reg. No. 333-268663) filed with the SEC on December 2, 2022.
Reverse Stock Split
On April 27,
2023, Imperial Petroleum Inc. (the Company) filed an amendment to its Restated Articles of Incorporation to effectuate a reverse stock split of the Companys issued and outstanding shares of common stock, par value of $0.01 per
share. A copy of the amendment is attached hereto as Exhibit 4.1.
Effective as of the opening of trading on April 28, 2023, the
Company effected a one-for-fifteen reverse stock split of its shares of common stock. The reverse stock split reduced the number of outstanding shares of the
Companys common stock from approximately 248.1 million to approximately 16.5 million and affected all outstanding shares of common stock. No fractional shares were issued in connection to the reverse split. Stockholders who would
otherwise hold a fractional share of the Companys common stock received a cash payment in lieu of such fractional share. The Companys outstanding warrants will be proportionately adjusted to increase the exercise price and reduce the
number of shares issuable upon exercise in accordance with their terms.
The par value and other terms of the Companys shares of
common stock were not affected by the reverse stock split. The Companys post-reverse split common shares have a new CUSIP number, Y3894J187, and continue to trade on the Nasdaq Capital Market under the symbol IMPP.
A copy of the new form of stock certificate for the Companys post-reverse stock split shares of common stock is attached hereto as
Exhibit 4.2.
Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release
dated April 26, 2023 titled Imperial Petroleum Inc. Announces Reverse Stock Split.
Repayment of Debt
Attached to this report on Form 6-K as Exhibit 99.2 is a copy of the press release dated April 26,
2023 titled Imperial Petroleum Inc. Announces the Full Repayment of All Outstanding Loans, announcing that the Company has repaid early and in full its sole remaining loan with a $16.0 million outstanding balance from Alpha Bank.
EXHIBIT INDEX
|
|
|
4.1 |
|
Articles of Amendment to Restated Articles of Incorporation |
|
|
4.2 |
|
Form of Common Stock Certificate |
|
|
99.1 |
|
Imperial Petroleum Inc. Press Release date April 26, 2023, titled Imperial Petroleum Inc. Announces Reverse Stock Split |
|
|
99.2 |
|
Imperial Petroleum Inc. Press Release date April 26, 2023, titled Imperial Petroleum Inc. Announces the Full Repayment of All Outstanding Loans |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: April 28, 2023
|
|
|
IMPERIAL PETROLEUM INC. |
|
|
By: |
|
/s/ Harry Vafias |
Name: |
|
Harry Vafias |
Title: |
|
Chief Executive Officer |
Imperial Petroleum (NASDAQ:IMPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Imperial Petroleum (NASDAQ:IMPP)
Historical Stock Chart
From Jul 2023 to Jul 2024